Texas Capital Bank Wealth Management Services Inc Purchases 99,482 Shares of Texas Capital Bancshares, Inc. $TCBI

Texas Capital Bank Wealth Management Services Inc grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 39.9% during the 4th quarter, HoldingsChannel reports. The firm owned 349,089 shares of the bank’s stock after purchasing an additional 99,482 shares during the quarter. Texas Capital Bancshares comprises about 1.8% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 8th largest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Texas Capital Bancshares were worth $31,607,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Danske Bank A S bought a new stake in Texas Capital Bancshares in the 3rd quarter valued at $25,000. Farther Finance Advisors LLC increased its stake in Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after buying an additional 304 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Texas Capital Bancshares in the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after acquiring an additional 246 shares during the period. Finally, Torren Management LLC bought a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $40,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $98.14 on Thursday. The firm has a 50 day moving average of $98.37 and a 200-day moving average of $96.34. The stock has a market capitalization of $4.29 billion, a PE ratio of 13.19, a PEG ratio of 1.42 and a beta of 0.68. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Texas Capital Bancshares, Inc. has a 12 month low of $70.11 and a 12 month high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The business had revenue of $323.99 million during the quarter, compared to analysts’ expectations of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. On average, equities research analysts predict that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 1st.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Paola M. Arbour bought 1,000 shares of Texas Capital Bancshares stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $91.50 per share, with a total value of $91,500.00. Following the acquisition, the director directly owned 6,671 shares of the company’s stock, valued at $610,396.50. The trade was a 17.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Stallings bought 20,000 shares of Texas Capital Bancshares stock in a transaction on Thursday, March 5th. The shares were acquired at an average cost of $22.69 per share, for a total transaction of $453,800.00. Following the completion of the acquisition, the director directly owned 169,587 shares in the company, valued at approximately $3,847,929.03. The trade was a 13.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 26,500 shares of company stock valued at $670,700. 1.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Piper Sandler boosted their target price on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.09.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.